CONVENTIONAL LOAN PROGRAM

HOUSING AND ECONOMIC DATA

30 year Fixed Mortgage Actual Rate is 4.3% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 4.6% and will increase to 4.9% in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 4.9% and will increase to 5.4% in 4th quarter of 2019

10 year Const. Mat. Treas Actual Rate increased to 2.8% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 2.9% and will increase to 3.1% in last quarter of 2018. Forecast for 1st quarter of 2019 is 3.3% and will increase to 3.7% in last quarter of 2019

5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.6% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 4.0% and will increase to 4.4% in last quarter of 2018. Forecast for 1st quarter of 2019 is 4.4% and will increase to 4.9% in last quarter of 2019

Actual unemployment rate for 1st quarter of 2018 is at 4.1%. Forecast unemployment rate for 2nd quarter of 2018 is 3.9% and will decrease to 3.8% in the last quarter of 2018. Forecast unemployment rate for 1st quarter of 2019 is 3.8% and will increase to 4.1% in the last quarter of 2019

Actual CPI for 1st quarter of 2018 is at 3.5%. Forecast for 2nd quarter of 2018 is 2.2% and will increase to 2.4% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.2% and will increase to 2.5% in the last quarter of 2019

Actual Real GDP is at 2.2% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 2.9% and will decrease to 2.6% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.5% and will decrease to 2.3% in the last quarter of 2019

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Housing Starts actual is 1.32 MN in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 1.28 Mn going up to 1.33 Mn in last quarter of 2018. Forecast for 1st quarter of 2019 is 1.36 Mn going up to 1.43 Mn in last quarter of 2019

Total Home Sales Actual decreased to 6.16 Mn in 1st quarter 2018. Total Home sales for 2018 is at 6.20 Mn in 2nd quarter and up to 6.43 Mn in the last quarter of 2018. Total Home sales for 2019 is at 6.42 Mn in 1st quarter and up to 6.47 Mn in the last quarter of 2019

FMHPI house price appreciation actual is at 2.0% in 1st quarter of 2018. House price appreciation forecast for 2018 is at 1.6% in the 2nd quarter and 1.4% in the last quarter. House price appreciation forecast for 2019 is at 1.4% in the 1st quarter and 1.0% in the last quarter of 2019